Well, since jarek is off this week, I guess I'll start the topic this time...

my thoughts on oil/

traders who use stockcharts......a problem that has occured in the past has returned.. when you draw your charts the load, in the loading, the medianline sets move slightly...... try it with a rect 60 min chart in GDX

I DO NOT KNOW HOW MANY TRADERS KEPT TRACK OF THE FXE ENTRY I POSTED.....but at the same time it gapped into completion of the pattern, the UUP set up .886 on gap of very large swing.... i am short 13762.... stop has to be break even.... pattern if taken out will be negated....

I see it at 22.09....

??

And so it shall be...

Now it is getting into a very key area in here, up almost 30 off that 3D mentioned yesterday. What it does in here is very critical going forward, by my work. This is it, first key test...

Originally posted by jimkane

Futures moving up nicely. I rather suspect this will be moving up quite aggressively off that 3D on the 120-min. I'm thinking they want a strong up day soon, and Friday is a great day for that game. Set it up to get back to the up Sunday night GLOBEX/Monday thing. We'll see. I'm ready for it, let me put it that way. I like to look over various scenarios, and this one is the one I find the most likely. Positioning for this was pretty easy off the third drive at the LOD today, or off the .447 pullback right at a key line, completing right around cash close. Now I watch the key areas for downside trend continuation, and see how it handles them.

Those that have been following my DBC longer-term play should take a look at it lately. If you are new, keep an eye out for comments made in past posts, and do some work on that one. You'll see why it's such an exciting play, following the script over and over.

Platinum has an interesting setup in here, a bit advanced, but very interesting. If it plays out, that would tell me a lot. If PM weren't going so nuts I'd say it need a bigger correction. But...

Watch the ES in here...

the key is to do the hard mind numbing work to know when the indexes are going one way and certain stocks are going the other way.as the indexes are going up you will get to the point when 90% of your stocks are on sell... then the indexes go down... here is why i was short AMZN all day as the indexes were going up..